Cash flow Statement (Quarterly, GAAP
in millions $) |
(Sep 30 2023) 9 Months |
(Jun 30 2023) 6 Months |
(Mar 31 2023) 3 Months |
(Dec 31 2022) 12 Months |
(Sep 30 2022) 9 Months |
Income |
546.22 |
364.93 |
220.07 |
807.00 |
641.64 |
Depreciation & amortization |
661.92 |
437.19 |
215.83 |
882.17 |
667.90 |
Amortization of Other Assets |
12.96 |
7.93 |
3.94 |
24.79 |
20.52 |
Impairment of goodwill
|
- |
- |
- |
- |
- |
Asset Impairment Charges |
- |
- |
- |
- |
- |
Compensation expense |
- |
- |
- |
- |
- |
Sale of Assets |
- |
- |
- |
- |
- |
Pension Plans |
- |
- |
- |
- |
- |
Income from J.V. |
- |
- |
- |
- |
- |
Share-based Compensation |
26.95 |
20.85 |
9.04 |
29.51 |
24.56 |
Income (Loss) from Equity Method Investments |
4.28 |
2.90 |
1.53 |
5.43 |
3.71 |
Gains (Losses) on Extinguishment of Debt |
- |
- |
- |
- |
- |
Adjustment Depreciation |
- |
- |
- |
- |
- |
Amortization Of Deferred Financing Costs |
- |
- |
- |
- |
- |
Noncash Project Abandonment Costs |
2.74 |
1.99 |
1.33 |
3.30 |
2.52 |
Income From Technology Investments |
- |
- |
- |
- |
- |
Income From Investment Securities Technology Investments |
- |
- |
- |
- |
- |
Increase Decrease In Mortgage Deposits |
- |
- |
- |
- |
- |
Gain Loss On Sale Of L and Parcels |
- |
- |
- |
- |
- |
Proceeds From Payments On Settlement Of Derivative Instruments Other Assets |
25.61 |
- |
- |
- |
- |
Proceeds From Payments On Settlement Of Derivative Instruments Other Liabilities |
-0.44 |
- |
- |
- |
- |
Operating And Finance Lease Right Of Use Asset Amortization |
9.57 |
6.36 |
3.15 |
9.12 |
6.10 |
Increase Decrease In Lease Liabilities |
-1.08 |
-0.66 |
-0.33 |
-1.17 |
-0.82 |
Income taxes |
- |
- |
- |
- |
- |
Losses/ -gains on Investments net |
-133.01 |
-100.04 |
-100.12 |
-306.39 |
-306.41 |
Rents receivable |
- |
- |
- |
- |
- |
Increase (Decrease) in Accounts Payable and Accrued Liabilities |
71.33 |
25.42 |
45.36 |
-0.27 |
76.27 |
Increase (Decrease) in Interest Payable, Net |
-18.79 |
-0.07 |
-16.53 |
-3.20 |
-19.86 |
Increase (Decrease) in Security Deposits |
0.56 |
0.49 |
-0.21 |
2.80 |
3.11 |
Other liabilities |
- |
- |
- |
- |
- |
Other Working Capital |
4.86 |
-21.31 |
10.23 |
-2.50 |
-2.47 |
Minority interests |
- |
- |
- |
- |
- |
Other net |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Other Operating Activities |
-25.17 |
- |
- |
15.41 |
-1.17 |
Discontinued operations |
- |
- |
- |
- |
- |
Net Cash flow from
Operating Activities |
1,188.52 |
745.98 |
393.28 |
1,454.76 |
1,120.23 |
Capital Expenditures |
-384.68 |
-233.49 |
-16.79 |
- |
-194.94 |
Sale of Capital Items |
- |
- |
- |
- |
- |
Proceeds from Sale and Maturity of Marketable Securities |
2.95 |
0.45 |
0.45 |
- |
3.58 |
Investment in real estate liq. |
- |
- |
- |
- |
- |
Proceeds from Sale of Real Estate Held-for-investment |
191.72 |
133.92 |
133.92 |
- |
720.30 |
Proceeds From Distributions Received From Unconsolidated Subsidiaries |
- |
- |
- |
- |
- |
Proceeds From Technology Investments |
- |
- |
- |
- |
- |
Change In Mortgage Deposits |
- |
- |
- |
- |
- |
Proceeds From Sale Of Equity Interest |
- |
- |
- |
- |
- |
Mortgage Deposits Investing Activities |
- |
- |
- |
- |
- |
Payments For Capital Expenditures To Real Estate |
-229.76 |
-135.25 |
-55.39 |
-141.71 |
-83.30 |
Non Real Estate Capital Additions |
-1.46 |
-1.04 |
-0.60 |
-2.23 |
-0.98 |
Payments To Acquire Equity Method Investments Development And Other |
-34.08 |
-25.41 |
-14.48 |
-87.13 |
-48.58 |
Purchases of other investments |
- |
- |
- |
- |
- |
Deposits on real estate |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Deposits on Real Estate Acquisitions |
- |
- |
- |
- |
- |
Payments to Acquire Other Investments |
-2.50 |
-2.50 |
- |
- |
-1.05 |
Interest capitalized |
- |
- |
- |
- |
- |
Payments to Acquire Businesses, Net of Cash Acquired |
- |
- |
- |
- |
- |
Interest in Subsidiaries and Affiliates |
-0.97 |
-0.97 |
0.01 |
- |
-49.32 |
Investments in J. V. |
- |
- |
- |
- |
- |
Sale of assets |
- |
- |
- |
- |
- |
Mortgage deposits |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Other Investing Activities |
- |
- |
- |
- |
- |
Other Net |
-9.58 |
-6.98 |
-3.39 |
- |
-4.18 |
Discontinued operations |
- |
- |
- |
- |
- |
Net Cash flow from
Investing Activities |
-468.36 |
-271.28 |
43.72 |
- |
243.34 |
Short-term debt Net |
940.58 |
77.42 |
-115.87 |
- |
-88.04 |
Other borrowing transactions |
21.06 |
- |
- |
- |
-0.37 |
Long-term debt - borrowings |
- |
- |
- |
- |
- |
Long-term debt - repayments |
- |
- |
- |
- |
-500.00 |
Minority interests |
- |
- |
- |
- |
- |
Issuances/ -repurchases
of Comm. Stock |
14.07 |
13.48 |
9.56 |
- |
23.56 |
Proceeds from Partnership Contribution |
0.00 |
0.00 |
- |
- |
0.00 |
Issuances/ -repurchases
of Pref. Stock |
-3.73 |
-3.73 |
- |
- |
-31.58 |
Deposits, Annuities, Contract Holders Funds |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Other net |
-2.03 |
-1.36 |
-0.66 |
- |
-1.88 |
Mortgage Notes Payable Lump Sum Pay Offs |
-932.60 |
-64.72 |
- |
-260.87 |
-260.87 |
Repayments Of Mortgage Notes Payable |
-0.55 |
-0.05 |
-0.04 |
-3.19 |
-2.99 |
Gain Loss On Debt Extinguishments Mortgage Notes Payable |
- |
- |
- |
- |
- |
Gain Loss On Debt Extinguishment Notes Net |
- |
- |
- |
- |
- |
Proceeds From Unsecured Line Of Credit |
- |
- |
- |
- |
- |
Distributions Preference Interests And Units |
- |
- |
- |
- |
- |
Distributions Minority Interest Partially Owned Properties |
- |
- |
- |
- |
- |
Proceeds From Employee Stock Purchase Plan |
- |
- |
- |
- |
- |
Distributions Minority Interests Partially Owned Properties |
- |
- |
- |
- |
- |
Redemption Of Preferred Shares |
- |
- |
- |
- |
- |
Premium On Redemption Of Preferred Shares Cash |
- |
- |
- |
- |
- |
Acquisition Noncontrolling Interests Partially Owned Properties |
- |
- |
- |
- |
- |
Paymentsforthe Premiumon Redemption of Preferred Shares Preference Units |
- |
- |
- |
- |
- |
Payments of Dividends, Preferred Stock and Preference Stock |
-28.82 |
-20.78 |
-11.52 |
- |
-43.29 |
Dividends paid |
-738.58 |
-487.48 |
-236.56 |
- |
-696.68 |
Net Cash flow from
Financing Activities |
-730.61 |
-487.23 |
-355.09 |
- |
-1,602.33 |
Effect of exchange rate on cash flow |
- |
- |
- |
- |
- |
Discontinued operations |
- |
- |
- |
- |
- |
Free
Cash Flow |
803.85 |
512.49 |
376.49 |
1,454.76 |
925.29 |
Total Cash Flow |
-10.45 |
-12.53 |
81.91 |
- |
-238.77 |
Cash & cash equiv. at beg.
of the Year |
39.25 |
35.70 |
133.46 |
- |
44.79 |
Cash & cash equivalents at
end of period |
- |
- |
- |
- |
- |
Cash Interests paid |
- |
- |
- |
- |
- |
Cash Income taxes paid |
1.04 |
0.91 |
0.35 |
- |
0.73 |